In the first quarter, China’s economy grew by 6.9% year-on-year.

According to the website of the National Bureau of Statistics, the National Bureau of Statistics announced today macroeconomic data such as gross domestic product (GDP) in the first quarter of this year. According to preliminary calculations, the GDP in the first quarter was 1,088.3 billion yuan, which was 6.9% higher than the same period of last year. In terms of industries, the added value of the primary industry was 865.4 billion yuan, up 3.0% year-on-year; the added value of the secondary industry was 705 million yuan, up 6.4%; the added value of the tertiary industry was 1.02424 billion yuan, up 7.7%. From the ring, the GDP in the first quarter increased by 1.3%.
I. Optimization and adjustment of planting structure, overall stability of agricultural production According to the survey of planting intentions of 110,000 rural households in China, the area of ​​intentional planting of rice in China decreased by 0.3% in 2017, wheat decreased by 0.8%, corn decreased by 4.0%, soybean increased by 8.1%, and cotton decreased by 0.7. %. At present, the country's winter wheat grows well, and the proportion of seedlings in the first and second types of seedlings reaches 84.8%. In the first quarter, the output of pig, beef, sheep and poultry meat was 22.49 million tons, a year-on-year increase of 0.2%, of which pork production was 14.68 million tons, an increase of 0.2%. The number of live pigs was 41.95 million, an increase of 0.1% year-on-year; the number of live pigs was 191.49 million, an increase of 0.2%.
Second, the industrial growth rate has accelerated significantly, and corporate profits have grown rapidly. In the first quarter, the added value of industrial enterprises above designated size increased by 6.8% year-on-year. The growth rate was 1.0 percentage points higher than the same period of the previous year and 0.8 percentage points higher than the previous year. In terms of economic types, the value-added of state-owned holding enterprises increased by 6.2%, collective enterprises increased by 0.5%, joint-stock enterprises increased by 6.9%, and foreign-invested enterprises of Hong Kong, Macao and Taiwan increased by 6.9%. In terms of three categories, the added value of the mining industry decreased by 2.4% year-on-year, the manufacturing industry increased by 7.4%, and the electricity, heat, gas and water production and supply industries increased by 8.9%. The industrial structure continued to be optimized. The added value of high-tech industries and equipment manufacturing industry increased by 13.4% and 12.0% respectively year-on-year. The growth rate was 6.6 and 5.2 percentage points faster than that of industrial enterprises above designated size, 2.6 and 2.5 percentage points faster than the previous year. The production and sales rate of industrial enterprises above designated size reached 97.2%. In March, the added value of industrial enterprises above designated size increased by 7.6% year-on-year, 1.3 percentage points faster than that of January and February, and increased by 0.83% from the previous month.
In January-February, the total profits of industrial enterprises above designated size reached 101.57 billion yuan, a year-on-year increase of 31.5%, an increase of 23.0 percentage points over the previous year. The profit rate of the main business of industrial enterprises above designated size was 5.92%, an increase of 0.8 percentage points over the same period of the previous year.
Third, the service industry grew rapidly, and the prosperity continued to be higher. In the first quarter, the national service industry production index increased by 8.3% year-on-year, and the growth rate was 0.1 percentage points higher than the same period of the previous year. Among them, the information transmission, software and information technology services industry, transportation, warehousing and postal industry maintained a relatively fast growth trend, and the growth rate of wholesale and retail industry and accommodation and catering industry rebounded significantly. In March, the national service industry production index increased by 8.3% year-on-year, and the growth rate was 0.1 percentage points higher than that in January and February, which was the same as the same period of the previous year.
In March, the service industry business activity index was 54.2%, an increase of 1.0 percentage points from the previous month and an increase of 1.1 percentage points over the same month of the previous year. The prosperity continued to be high. Among them, the retail activity index of the retail industry, air transport industry, postal industry, Internet and software information technology service industry, monetary and financial services, capital market services and insurance industry are all located in the higher economic range of 55.0%.
4. Investment in fixed assets rose steadily, and the area of ​​sale of commercial housing continued to decrease in the first quarter. The national fixed asset investment (excluding rural households) was 9.3777 trillion yuan, a year-on-year increase of 9.2%, and the growth rate was 1.1 percentage points higher than that of the previous year. In the first two months of this year, it accelerated by 0.3 percentage points. Among them, the state-owned holding investment was 3,388.7 billion yuan, up 13.6%; the private investment was 573.13 billion yuan, up 7.7%, 1.0 percentage points faster than that in January and February, accounting for 61.1% of the total investment. In terms of industries, the investment in the primary industry was 233.5 billion yuan, up 19.8%; the investment in the secondary industry was 3.5094 billion yuan, up 4.2%, of which manufacturing investment was 293.25 billion yuan, up 5.8%; tertiary industry investment was 564.49 billion yuan, up 12.2. %. Infrastructure investment was 1,899.7 billion yuan, an increase of 23.5%. Investment in high-tech industries increased by 22.6%, and the growth rate was faster than the total investment of 13.4 percentage points. The fixed assets investment in place was 1,068.1 billion yuan, down 2.9% year-on-year, and the decline was 5.1 percentage points lower than that in January and February. The total investment of the newly started project is 620 billion yuan, a year-on-year decrease of 6.5%. From a ring comparison, fixed asset investment (excluding farmers) increased by 0.87% in March.
In the first quarter, the national real estate development investment was 1,922.9 billion yuan, an increase of 9.1% year-on-year. The growth rate was 2.2 percentage points higher than that of the previous year, and 0.2 percentage points higher than that of January and February this year. Among them, residential investment increased by 11.2%. The newly started housing area was 315.6 million square meters, an increase of 11.6% year-on-year, of which the newly started residential area increased by 18.1%. The sales area of ​​commercial housing in the country was 290.35 million square meters, an increase of 19.5%, of which residential sales area increased by 16.9%. The sales of commercial housing in the country was 231.82 billion yuan, an increase of 25.1%, of which residential sales increased by 20.2%. The land acquisition area of ​​real estate development enterprises was 37.82 million square meters, an increase of 5.7%. At the end of March, the national commercial housing sales area was 688.1 million square meters, a decrease of 17.45 million square meters from the end of February. In the first quarter, the real estate development enterprises in place amounted to 3.566 billion yuan, an increase of 11.5%.
V. Market sales were basically stable. Online retail sales maintained rapid growth. In the first quarter, the total retail sales of social consumer goods was 858.23 billion yuan, a year-on-year increase of 10.0%. The growth rate dropped by 0.4 percentage points from the previous year. Among them, the retail sales of consumer goods above designated size was 34.46 billion yuan, an increase of 7.9%. According to the location of the business unit, the retail sales of urban consumer goods was 7.3398 billion yuan, up 9.7%; the retail sales of rural consumer goods was 1,242.6 billion yuan, up 11.9%. According to the type of consumption, the catering revenue was 919.6 billion yuan, up 10.8%; the retail sales of commodities was 766.27 billion yuan, up 9.9%, of which the retail sales of units above designated size were 352.48 billion yuan, up 7.9%. Consumption upgraded goods grew rapidly, cultural office supplies increased by 14.8%, communication equipment increased by 11.0%, sports and entertainment products increased by 17.3%, furniture increased by 12.6%, and construction and decoration materials increased by 14.8%. In March, the total retail sales of consumer goods increased by 10.9% year-on-year, 1.4 percentage points faster than that of January and February, and increased by 0.84% ​​from the previous month.
In the first quarter, the national online retail sales amounted to 1404.5 billion yuan, a year-on-year increase of 32.1%. Among them, the online retail sales of physical goods was 1,067.4 billion yuan, up 25.8%, accounting for 12.4% of the total retail sales of consumer goods, up 1.8 percentage points year-on-year.
6. Import and export grew rapidly, and the structure of foreign trade improved in the first quarter. The total volume of imports and exports was 619.86 billion yuan, a year-on-year increase of 21.8%, and the year-on-year decline was 0.9%. Among them, exports were 332.68 billion yuan, up 14.8%; imports were 287.18 billion yuan, up 31.1%. The import and export offset, with a surplus of 454.9 billion yuan. The proportion of general trade import and export increased. In the first quarter, general trade import and export increased by 23.2%, accounting for 56.2% of total import and export, an increase of 0.6 percentage points over the same period of the previous year. Mechanical and electrical products remained the main exporter. In the first quarter, exports of mechanical and electrical products increased by 15.1%, accounting for 58.1% of total exports. In the first quarter, China's imports and exports to Russia, Pakistan, Poland, Kazakhstan and India increased by 37%, 18.7%, 19%, 69.3% and 27.7% respectively. In March, the total volume of imports and exports was 2,314.2 billion yuan, a year-on-year increase of 24.2%. Among them, exports were 1,239.3 billion yuan, up 22.3%; imports were 1,074.9 billion yuan, up 26.3%.
In the first quarter, the export delivery value of industrial enterprises above designated size reached 2,794.6 billion yuan, a year-on-year increase of 10.3%. In March, the export delivery value of industrial enterprises above designated size reached 1,073.7 billion yuan, an increase of 12.9%.
7. Consumer prices rose moderately, and industrial product prices slowed down in the first quarter. National consumer prices rose by 1.4% year-on-year, and the growth rate dropped by 0.7 percentage points over the same period of the previous year. Among them, the city rose 1.5%, and the rural rose 1.1%. In terms of categories, food and tobacco prices fell 0.8% year-on-year, clothing rose 1.2%, housing rose 2.4%, household goods and services rose 0.6%, transportation and communications rose 2.0%, education culture and entertainment rose 2.5%, and health care rose 5.1. %, other supplies and services rose 3.6%. In food and tobacco prices, food prices rose by 1.3%, pork prices rose by 0.9%, and fresh vegetables prices fell by 18.8%. In March, the national consumer price rose by 0.9% year-on-year, an increase of 0.1 percentage points from February and a decrease of 0.3% from the previous month.
In the first quarter, the ex-factory price of industrial producers rose by 7.4% year-on-year, and fell by 4.8% in the same period last year. In March, the ex-factory price of industrial producers rose by 7.6% year-on-year, which was 0.2 percentage points lower than that in February and 0.3% higher than the previous month. In the first quarter, industrial producers' purchase prices rose by 9.4% year-on-year; in March, they rose by 10.0% year-on-year and 0.5% quarter-on-quarter.
8. Residents' income and economic growth are synchronized. The urban-rural income gap continues to shrink in the first quarter. The per capita disposable income of the national residents is 7,184 yuan, a nominal increase of 8.5% year-on-year. The actual growth rate is 7.0% after deducting the price factor. The income growth rate is 0.1 higher than the GDP growth rate. percentage point. According to the permanent residence, the per capita disposable income of urban residents is 9,986 yuan, which is actually 6.3% after deducting the price factor; the per capita disposable income of rural residents is 3,880 yuan, and the actual increase of 7.2% after deducting the price factor. The per capita income of urban and rural residents was 2.57, which was 0.02 less than the same period of the previous year. The median per capita disposable income of the national residents was 6,067 yuan, a nominal increase of 6.7% year-on-year. The per capita consumption expenditure of the national residents was 4,796 yuan, a nominal increase of 7.7% year-on-year, and the actual increase of 6.2% after deducting the price factor. At the end of February, the total number of rural laborers who went out to work was 172.53 million, an increase of 4.54 million over the same period of the previous year, an increase of 2.7%. The average monthly income of rural laborers who went out to work was 3,483 yuan, an increase of 6.4%.
9. The structural reform of the supply side has been further advanced, and the economic structure has continued to optimize “three to one, one reduction and one supplement” to make new progress. In the first quarter, the utilization rate of industrial capacity above designated size was 75.8%, an increase of 2.0 percentage points over the fourth quarter of the previous year. Raw coal production decreased by 0.3% year-on-year. At the end of March, the area of ​​sale of commercial housing fell by 6.4% year-on-year, a decrease of 3.2 percentage points from the end of the previous year. The asset-liability ratio and cost of industrial enterprises declined. At the end of February, the asset-liability ratio of industrial enterprises above designated size was 56.2%, down 0.6 percentage points year-on-year; the cost per 100 yuan of main business income of industrial enterprises above designated size in January-February was 84.91 yuan. It was reduced by 0.28 yuan year-on-year. Investment in the short-board sector accelerated. In the first quarter, investment in ecological protection and environmental management, public facilities management, agriculture, and water management increased by 48.1%, 27.4%, 24.6%, and 18.3%, respectively, faster than the total investment of 38.9, 18.2, and 15.4, respectively. And 9.1 percentage points.
The industrial structure continued to be optimized. In the first quarter, the added value of the tertiary industry accounted for 56.5% of the GDP, which was 17.8 percentage points higher than that of the secondary industry. The demand structure continued to improve, and the contribution rate of final consumption expenditure to GDP growth in the first quarter was 77.2%. New kinetic energy grew rapidly. The added value of strategic emerging industries in the first quarter increased by 10.3% year-on-year, and the growth rate was 3.5 percentage points higher than that of industrial enterprises above designated size. Energy conservation and consumption reduction progressed steadily. The energy consumption per unit of GDP in the first quarter decreased by 3.8% year-on-year.
According to the statistics bureau, in general, the national economy maintained a steady and positive development momentum in the first quarter, the economic growth rate rebounded slightly, structural adjustment continued to advance, the pace of innovation and development accelerated, the improvement of people's livelihood was solid and effective, and the positive factors accumulated, the economy The operation started well. However, we must also see that the international environment is still complicated and the domestic structural contradictions are still quite prominent. Further efforts are needed to consolidate and continue to improve.

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